Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative
Abstract Who is going to pay? That question is heard regularly in connection with corona-related fiscal packages. Quite rightly. Governments have adopted huge packages to stabilise their economies. While there is no shortage of suggestions of how the new public expenditure and old debt is to be fund...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2020-09-01
|
| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2738-8 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Abstract Who is going to pay? That question is heard regularly in connection with corona-related fiscal packages. Quite rightly. Governments have adopted huge packages to stabilise their economies. While there is no shortage of suggestions of how the new public expenditure and old debt is to be funded, many people seem to be overlooking the fact that the current low or negative interest rate environment is already making a major contribution to debt reduction. |
|---|---|
| ISSN: | 0043-6275 1613-978X |